However, we can see that the increase in listing inventory may have caused prices to soften as the summer progressed.

While this could lead to a temporary softening in rental demand, it also opens up opportunities for investors to acquire properties at more favorable terms.ConclusionThe recent drop in mortgage rates to their lowest point since May 2023 presents both opportunities and challenges for the housing market.

Gotcha a in other words rents could soften or are softening based on supply demand issues.. thank you for clarifying that.

I don't think I will ever fully retire but I plan to be doing less active work in the future, i.e. not focusing on writing new loans and not flipping.I am lucky that I can easily handle a down turn and be just fine if things soften even for an extended time but I still hope that doesn't happen.

as the market softened with Interest rates I had to move back to 2% and some of my competition went to 2.5 and 3.0 to drive traffic and buyers..

That's a lot of potential future guests.Also, there are a LOT of potential owners waiting to buy a STR as the market softens a little that will swoop in & buy & prevent a crash.

That said, that now that the market has softened a bit, folks wanting the work permitted is probably going to be more common so it may not be a bad thing.My final thoughts are about your hard money lender.

At first we won't see much moving but, the market will adjust and this will help soften prices.

If this trend in the supply of homes for sale increases again next month, we will see price softening.

Much of the state, although still #1 for RE investing is softening.